A second writeup on the arbitration:
"Award ordered in Shopping.com case"
"An arbitration panel has ordered the underwriters of beleaguered Shopping.com to pay $400,000 for inflating the stock price of the online commerce company."
"The panel, convened by the National Association of Securities Dealers' (NASD) office of dispute resolution, ordered Irvine, California-based Waldron & Company and Los Angeles-based Wedbush, Morgan Securities to pay the combined damages.
The award, also levied against Waldron executive Cery Perle and financier Ed Harris, will be paid to Fiero Brothers, a New York City brokerage house that had complained about fraud and excessive markups in the sale of Shopping.com's stock to the public. Fiero had asked the arbitration panel for an award in excess of $4.25 million from the underwriters. Shopping.com, based in Corona del Mar, California, was not a party to the dispute."
news.com:80/News/Item/0,4,26667,00.html?owv
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"Shopping.com in new pricing dispute, still losing money"
ocregister.com
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<Off Topic>
Been to any auctions recently? <g>:
"Bond-film goodies fetch fortunes"
"It's not quite all the gold in Fort Knox, but Oddjob's lethal bowler from "Goldfinger" sold for $104,700 yesterday at a Christie's auction of James Bond memorabilia."
phillynews.com:80/daily_news/98/Sep/18/national/BOND18.htm |
